TechDev Newsletter - Market Update Issue #11

Consistent Corrective Structure

It’s been quite an eventful last several days. I am not going to dwell on the events regarding SVB (Silicon Valley Bank) as its been discussed extensively in the public arena by folks much more knowledgable on the subject than I. Raoul Pal offers a good summary view in a tweet here. Banking expert Chris Whalen delivers an excellent video interview on the subject here.

It very well may be that this banking crisis provides the US Federal Reserve the narrative they need to restart QE (Quantitative Easing) or at least pause their rate hike cycle, and this will certainly feed a bull narrative for the crypto market.

As you know, I believe narrative follows price, and that charts precede news. The macro bullish action we may be about to see has been setting up in the charts for over a year in my view, though many folks will surely attribute it to news and narrative alone.

Today I am going to update on short-term BTC scenarios given this last week’s price action.

I will then revisit our long term corrective BTC structure, as well as Tether dominance to support why the latest move was both expected, and still sets up a bullish high timeframe picture through at least the rest of the this year.

I will then cover the next 4 macro alt targets which the community has voted on:

FET, SHIB, AAVE, FIL

Click below to see the targets from the last 4 issues:

• GRT, HBAR, DOGE, ALGO

• LINK, AVAX, FTM, XRP

• SOL, VRA, TEL, LTC

• ETH, ADA, MATIC, DOT

At the end of this issue you’ll get a chance to vote for next week’s 4. I have added any write-ins with more than 1 vote to the poll.

Today’s topics:

• Short-Term BTC Update

• BTC Macro Corrective Structure

• Tether Dominance Update

• Long-Term Alt Targets

  • FET

  • SHIB

  • AAVE

  • FIL

• Next Week’s Altcoin Target Vote